TheCable

The Punch reports that Kayode Egbetokun, the inspector-general of police, has ordered the distribution of 220 operational vehicles for election security management in Bayelsa, Imo, and Kogi states. The newspaper says scarcity of cooking gas has hit Lagos and some other states in the country.

The Nation reports that Muhammadu Sanusi II, former Emir of Kano, said the Central Bank of Nigeria (CBN) must take strategic steps to reduce inflation. The newspaper says the Nigeria Labour Congress (NLC) has accused Hope Uzodinma, Imo governor, of sending thugs to attack the home of Joe Ajaero, the union’s president.

Daily Trust reports that the new borrowing plans of the federal government will push the country’s total debt level to N89.2 trillion before the end of the year.

Daily Independent reports that the decision of the Central Bank of Nigeria (CBN) to settle the backlog of foreign exchange the country was owing banks, airlines and companies, is setting the naira on a path of recovery. The newspaper says natives of the federal capital territory (FCT) have threatened to sue the federal government and the capital’s authorities over alleged violation of federal character princi­ples in appointments of residents.

The Guardian reports that official corruption, lax enforcement of extant building regulations, and poor monitoring by government officials contributed to the over N1 trillion worth of property investment loss in Lagos. The newspaper says Heineken Lokpobiri, minister of state for petroleum, said he will hold the Nigerian National Petroleum Company Limited (NNPCL) accountable over the completion of state-owned refineries.